Toronto-Dominion Bank (TSE:TD) Posts Quarterly Earnings Results

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) issued its quarterly earnings data on Thursday. The company reported C$2.77 EPS for the quarter, FiscalAI reports. The company had revenue of C$16.93 billion for the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%.

Toronto-Dominion Bank Trading Up 0.5%

Shares of TSE TD opened at C$168.61 on Friday. The company has a market capitalization of C$278.55 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.22 and a beta of 0.88. Toronto-Dominion Bank has a twelve month low of C$100.43 and a twelve month high of C$175.33. The firm has a 50-day moving average of C$169.29 and a two-hundred day moving average of C$151.55.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.7%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 50.00%.

Toronto-Dominion Bank News Summary

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. TD reported fiscal third-quarter earnings of C$2.77 per share on C$16.93 billion in revenue, with results benefiting from strength in Canadian banking, U.S. retail and wholesale banking. The bank posted a 13.21% net margin and 11.85% return on equity. TD Bank Q3 earnings beat TD Beats Estimates as Markets Lift Big Canadian Bank Earnings
• Positive Sentiment: Several analysts raised their price targets. RBC lifted its target to C$173 from C$156 and initiated an “outperform” rating. Canaccord raised its target to C$197 from C$185 and maintained a “buy” rating, implying the most significant potential upside among the latest revisions. Scotiabank also increased its target to C$187 from C$180 with a “sector outperform” rating. Analyst rating changes
• Neutral Sentiment: Analyst opinion remains mixed. CIBC raised its target to C$187 from C$184 but kept a “neutral” rating, suggesting that the higher target does not necessarily signal strong conviction. Analysts’ differing views reflect uncertainty over how much of the earnings improvement is already reflected in TD’s valuation. CIBC analyst rating
• Negative Sentiment: Some firms still see limited or negative upside. Jefferies raised its target to C$164 from C$159, below the recent trading level, while Barclays increased its target to C$167 from C$164 and maintained an “underweight” rating. These views could limit gains if investors focus on valuation or potential normalization in bank earnings. Jefferies and Barclays analyst ratings

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. National Bank Financial set a C$190.00 price target on shares of Toronto-Dominion Bank and gave the stock an “outperform” rating in a research report on Monday, August 24th. Scotiabank lifted their target price on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the stock a “sector outperform” rating in a research report on Friday. Canadian Imperial Bank of Commerce lifted their price target on shares of Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the company a “neutral” rating in a report on Friday. Raymond James Financial boosted their price objective on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, Barclays raised their target price on shares of Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the stock an “underweight” rating in a report on Friday. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and an average target price of C$170.00.

Insider Activity at Toronto-Dominion Bank

In related news, insider Paul Martyn Clark sold 27,649 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the transaction, the insider owned 260 shares of the company’s stock, valued at approximately C$41,917.20. This trade represents a 99.07% decrease in their ownership of the stock. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the transaction, the insider owned 26,677 shares in the company, valued at approximately C$4,177,884.97. This trade represents a 24.16% decrease in their position. 0.08% of the stock is currently owned by corporate insiders.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.